Opening bell: Asian markets flat; Jet Airways, Infosys, Ceat in news

US markets closed mixed. S&P 500 lost 0.22% to 2,472 points, weighed down by Amazon.com, Apple and other technology stocks, reportsReuters. Tracking the cues, Asian markets opened little changed.

Cognizant raises lower end of its revenue forecast for 2017

Cognizant Technology Solutions Corp. raised the lower end of its 2017 revenue forecast, easing concerns of tighter spending from its healthcare clients amid uncertainty surrounding the US healthcare policy, reportsReuters.

Jet Airways to phase out all expat pilots to save costs

Jet Airways (India) Ltd is looking to phase out all its expatriate pilots to control costs, company executives told employees at a meeting on Thursday, reportsMint.

Cochin Shipyard IPO subscribed 76.1 times

The initial public offering (IPO) of state-run shipbuilder Cochin Shipyard Ltd was subscribed 76.1 times on Thursday, the final day of the public offering, data from stock exchanges shows.

Infosys to acquire Brilliant Basics for undisclosed sum

Infosys Ltd said it will acquire Brilliant Basics, a London-based product design and customer experience company, for an undisclosed amount, reportsPTI.

Ceat Ltd Q1 net profit dives 98.6% to Rs1.38 crore

Tyre maker Ceat Ltd reported a 98.6% decline in its consolidated net profit at Rs1.38 crore for the June quarter due to destocking by trade partners ahead of the goods and services tax (GST) rollout and higher expenses, reportsPTI.

Ujjivan Financial Services reports Rs75 crore loss in Q1

Ujjivan Financial Services Ltd has reported a net loss of Rs75 crore during the first quarter of financial year 2017-2018 against a profit of Rs17.37 crore for the same period last year.